1ST,
Electrical problems are harder to troubleshoot than mechanical problems. Mechanical problems are easier to pinpoint because of their nature.
Think of your electrical system as if it were a plumbing system. Instead of water running thru pipes, ac/dc are running.
First thing you need on hand is:
make a couple of wire leads, (3) of color coded wire. Add alligator clips to both ends. Depending on length of boat, make these extra long enough to reach from the transom to your electrical panel, and from the bow lights to panel.
Second, have & learn what & how a voltmeter does.
Third, Keep several different conductor wire types (2/3 conductor)and/or single spools. I recommend, looking into your panel for the different sizes of wiring to have on hand.
Fourth, keep an assortment of end connectors. You can buy a box of assorted types & sizes. Also keep on hand spare fuses to match what you currently use. Crimping tools etc. Now you have a pretty complete electrical box.
With the above, you can troubleshoot your electrical problems @ the dock, underway & by yourself.
Now getting back to your problem, if you suspect a bad wire, simply bypass it to your connection @ the elec. panel using the test leads you have made. This is the quickest way of troubleshooting. Of course, check fuses & look for any loose or corroded connections in the circuit.
Most pump/float wiring I've seen is less than admiral. Why make alot of connections in the wet part of your bilge? When I replace these, I use a fused terminal block right off the bilge high and dry. I run the wiring to this & connect on the other side of the block the wiring back to the panel.
I know it's a double fuse, but that's how I roll. The fused block is not necessary if you have easy access to all your fuses @ the panel. Some newer circuits I've added do not have a spot on the front panel. I did mount a fuse block (6 connector) inside the panel for the extra circuits.
It shouldn't take long to discover the culprit, and you won't have to ask friends for help....
CR